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Bitcoin (BTCUSD) Plummets on Recession Risk as Bloomberg Strategist Foresees $10,000 Bear Case

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The Story

News Summary

  • Bloomberg strategist Mike McGlone forecasts Bitcoin likely ending 2025 below $84,000, warning of significant downside risk possibly to $10,000 amid macro stress, signaling a broader market recession and weakness in speculative assets.
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BTCUSD price history

77282.65 +14.57% over the displayed period

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